New Delhi, Feb 3 (IANS) The reduction of US tariffs on India effectively takes India’s rate below most ASEAN peers and puts it at an advantageous position compared to China, a report showed on Tuesday.US President Donald Trump announced that the US and India had agreed on a trade deal, under which reciprocal tariffs on India will be lowered to 18 per cent from 25 per cent earlier.There was no explicit mention of how the additional punitive tariff of 25 per cent (due to Russian oil purchases) w…
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Mumbai, Feb 3 (IANS) Indian stock markets witnessed a strong rally on Tuesday as investors cheered the finalisation of the long-awaited India–US trade deal.Both benchmark indices, the Sensex and the Nifty, posted sharp gains — reflecting positive sentiment across Dalal Street.By the end of the trading session, the Sensex jumped 2,072.67 points, or 2.54 per cent, to close at 83,739.13.Meanwhile, the Nifty climbed 639.15 points, or 2.55 per cent, to settle at 25,727.55.“The key support zone r…
Mumbai, Feb 3 (IANS) India’s agreement with the United States to cut reciprocal tariffs is set to make a range of products — from tech hardware to select agricultural imports — cheaper in the country.Tech hardware and components, including laptops, gadgets and consumer electronics, may become more competitively priced, while processed foods, packaged goods and household appliances could also benefit from lower import expenses, according to reports.Agricultural products such as pulses, dairy …
New Delhi, Feb 3 (IANS) The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday.The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent.The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manu…
New Delhi, Jan 1 (IANS) The Union Budget 2026 has made every necessary provision for maintaining the health of India, said Minister of State Anupriya Patel on Sunday.Speaking to IANS, Patel noted that the Budget, presented by Union Finance Minister Nirmala Sitharaman, laid special focus on health, pharma, and chemicals.“India has progressed on the path of self-reliance, and no sector is untouched by it today,” Patel said.Hailing the Biopharma Shakti Mission of Rs 10,000 crore, the MoS stated…
Vadodara, Jan 29 (IANS) The signing of the Free Trade Agreement (FTA) between India and the European Union (EU) has been welcomed by traders in Gujarat’s Vadodara, who see it as a positive development for domestic trade and exports. Business leaders believe the agreement will help Indian exporters access European markets while reducing the impact of rising global trade barriers.Ramesh Patel, Vadodara Trade Development Organisation President and Advisor to Confederation of All India Traders (CAIT…
New Delhi, Jan 28 (IANS) India’s industrial production surged by 7.8 per cent in December 2025, reaching its highest level in over 2 years, driven by a robust across-the-board growth in the manufacturing, mining, and electricity sectors, according to figures released by the Ministry of Statistics on Wednesday.This was the second consecutive month of strong year-on-year growth in the country’s index of industrial production (IIP) as it came on the back of a 7.2 per cent acceleration in Novemb…
Mumbai, Jan 27 (IANS) The Indian equity markets opened the week lower on Tuesday amid persistent FII selling and mixed December quarter results.As of 9.25 am, Sensex dipped 436 points, or 0.54 per cent, to reach 81,101, and Nifty declined 110 points, or 0.44 per cent to 24,938.India and the European Union are set to announce the conclusion of negotiations on a Free Trade Agreement (FTA) at the India–EU Summit on Tuesday, that could boost the market sentiment later, especially in pharma, textil…
Bhubaneswar, Jan 20 (IANS) Chief Minister Mohan Charan Majhi has asserted that the economy of Odisha is now future-ready and on course to become an industrial powerhouse. In an official statement on Tuesday, the state government described the recent investors’ meets in Hyderabad and Kolkata as a massive success, attracting investments worth Rs 1.67 lakh crore and generating 1.46 lakh job opportunities.“Odisha’s journey from a traditionally resource-driven economy to a future-ready industri…
New Delhi, Jan 16 (IANS) The CSIR Integrated Skill Initiative, a flagship national programme implemented by the Council of Scientific and Industrial Research (CSIR), has trained over 2 lakh workers across the country, the Ministry of Science & Technology said on Friday.“During phase I and II of the Initiative, more than 1.90 lakh individuals were trained, through 5200+ skill-based trainings, including special targeted initiatives for rural citizens and women,” the Ministry said.The third…